Summary
Elon Musk and his “Department of Government Efficiency” (DOGE) have been granted access to the U.S. Treasury’s federal payment system, raising concerns about security and misuse.
Treasury Secretary Scott Bessent approved the move after a top Treasury official was ousted for resisting.
Critics warn Musk could freeze payments to government programs or manipulate federal contracts.
The move coincides with DOGE’s takeover of the Office of Personnel Management.
Experts call it a dangerous power grab, as Musk holds no official government position.
There is already an open standard growing around exactly this concept, Web5 Distributed IDs (DID): https://dev.to/tbdevs/what-is-web5-233o
Disclosure: I worked on the implementation for an Open Banking company (does that need to be disclosed? <shrug> I’m including it lest someone think I’m a shill)